Nice chart I've got one like that too with IMHO a bit more precision.

Analysis and Trading based on Envelopes, Waves, Cycles

Thank you for kind welcome. Here's NQ this morning. Convincing enough for me

Analysis and Trading based on Envelopes, Waves, Cycles

In spite of all theoretical considerations, I do believe that for trading EMA800 is to be preferred, even though SMA800 has its merits too. EMA200 envelopes are quite often in play too. Here NQ with EMA800 envelopes from Friday.

Analysis and Trading based on Envelopes, Waves, Cycles

Stops taken out to both upside and downside...It's so nice with a refresher The game can begin anew The game of finding a direction, or not, will be interesting. And maybe NFP tomorrow will help. This a 30m chart.

Islander and Medici trade the European open

Seems to be the sell opportunity the market has been waiting for...200+ points down now.

Islander and Medici trade the European open

Thanks, yes, one needs to keep things simple. Generally speaking, there's a lot of wisdom in trading off levels defined either by suitably constructed lines or a moving average - rather that candle close above an MA or something like that. Price ...

Islander and Medici trade the European open

Ah, that was a nice ride The stops above yesterday's high just had to go

Islander and Medici trade the European open

That's nice For me it's NQ only, which is ranging this morning. The nice down move stopped at the quarter percent EMA800@1m levels.

Islander and Medici trade the European open

And this morning it seems like NQ is heading back to EMA50@1h. Entry at blue line.

Islander and Medici trade the European open

Very nice In my slightly slower world of 150s candles that's handed by MA levels.

Islander and Medici trade the European open

GM, the levels around EMA50@1h have been in play yesterday and this morning. Makes for great volatility and the direction has now turned to ranging/down. PS: This is a 5m chart.

Islander and Medici trade the European open

Now dipping below 14000....I have a feeling that it's time for a retracement of 13000 to 14300...we shall see...now I'll call it an evening

Islander and Medici trade the European open

Take a look at these two, 150s vs 1m, from just after 1.20am UK time today. Which one do you prefer? Which one is riskier if you enter on candle close? Easy choice for me.

Islander and Medici trade the European open

As expected, the charm of EMA800@1m is too much to stay away from...

Islander and Medici trade the European open

Good luck I'm giving NY a miss this afternoon. Likely to be choppy until the NY lunch, after which the market will show its true colours...at least that's my hunch. Needs to come down to 14000ish for buys and up to 14400+ for ...

Islander and Medici trade the European open

Nice one! I prefer the 150s chart (half of 5 min). This morning NQ was good for 200 points

Islander and Medici trade the European open

Failed continuation off of WMA13@20s signals the end of the strong push down, and signals for 2.06pm long entry.

Islander and Medici trade the European open

Makes for easy scalping. Candles here coloured according to close above/below WMA13.

Islander and Medici trade the European open

Agreed. I took the 20s for a spin this pm. 90 points in no time I also added the MA related to your envelope, and I found WMA13 handy for timing entries.

Islander and Medici trade the European open

GM chaps Some consolidation after a wild week, and the weekly VWAP shows the way. A quick drop to the first lower band to pick up demand, and now some consolidation/accumulation ahead of continuation north. After lunch edit: How wrong I was! ...

Islander and Medici trade the European open